Listing ID: 77439
An excellent opportunity to buy a very successful Mediterranean, Turkish Restaurant with Wine & Beer Bar in the Placer County, CA. A beautiful fine dinning setup with big windows all around, a clean spotless full kitchen. A hood with Ansul system to the current codes. The restaurant has a large fenced patio which is covered under the ABC license. Beer & Wine can be served in the patio.
Note; Must show proof of funds to get the financials.
Asking Price: $269,000.00
- Asking Price: $269,000
- Cash Flow: $250,000
- Gross Revenue: $860,000
- EBITDA: $190,000
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,225
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The owner will provide 30 days of training.
The company was founded in 2015, making the business 7 years old.
The deal doesn't include inventory valued at $5,000*, which ins't included in the suggested price.
The business has 6 employees and is located in a building with disclosed square footage of 4,225 sq ft.
The property is leased by the business for $5,280 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nonetheless, the real factor and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in profits, or an array of various other reasons. This is why it is really important that you not depend totally on a vendor's word, yet instead, use the seller's answer combined with your general due diligence. This will paint a more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that revenue margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new consumers? Often times, businesses have repeat consumers, which create the core of their day-to-day revenues. Specific aspects such as brand-new competitors growing up around the area, roadway building and construction, as well as personnel turnover can affect repeat consumers and negatively affect future profits. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business regularly, the higher the opportunity to construct a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? How might the local average house income impact future revenue potential?